Product
Cyber Insurance
Occupation
Management Consulting Firm
Industry Segment
Consultant
Claim Description
A management consulting firm discovered that traffic to their website was being redirected to a fraudulent site. They confirmed that the domain accounts contained their former CEO’s contact information. He also still had access to certain systems, though it was unclear what he should or should not have had access to.
Outcome
The insurer appointed an incident manager to manage incident response and coordinate legal and advisory services to address the legal implications. The insurer paid $12,640 to rectify the situation.
The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Coverage for claims on the policy will be determined by the insurer, not BizCover for Brokers.